Personal
Business
Digital
About Us
Property Financing-i

Home Financing-i
Skim Jaminan
Kredit Perumahan (SJKP)

About

alrajhi bank Malaysia Home Financing-𝘪 Skim Jaminan Kredit Perumahan (SJKP) is designed to support first-time Malaysian homebuyers by offering financing up to 110% of the property value or RM500,000, whichever is lower. This includes not only the home financing amount but also coverage for Mortgage Reducing Term Takaful (MRTT)/Credit Level Term Takaful (CLTT), as well as other related expenses associated with the purchase of a property.

By covering these additional expenses, SJKP helps reduce the upfront cash required when buying a home, making home ownership more accessible for first-time buyers. alrajhi bank Malaysia Home Financing-𝘪 Skim Jaminan Kredit Perumahan (SJKP) operates under the Commodity Murabahah contract via a Tawarruq arrangement.

Benefits

High margin of financing

Enjoy financing of up to 100% of the property value, plus an additional 10%* to cover essential costs. 

*Includes MRTT, fire Takaful, legal fees and valuation fees

Affordable financing tenures

Choose a payment period that suits you—up to 35 years or until you reach 70 years of age, whichever comes first. 

Comprehensive Takaful coverage

Stay protected with full Takaful coverage for peace of mind.

Zero entry cost

Start your homeownership journey with no downpayment required.

Joint applications welcomed

Apply together with your immediate family members for greater flexibility. 

Eligibility and requirements

Find out who can apply and what you’ll need to get started.

Eligibility
  • Must be a Malaysian citizen 18 years and above.
  • First-time homebuyers only.
  • Open to both fixed and non-fixed income earners.
  • Joint applications between husband and wife, and parents are permitted.
Property types
  • Ready-to-move-in: Completed residential properties with a Certificate of Completion and Compliance (CCC).
  • Under construction: New residential developments that are currently being built.
  • Subsale: Existing residential properties purchased from previous owners.
  • Auction: Residential properties secured through public auction.
Note: Residential properties include those developed on commercial land, excluding those on agricultural land.


Required documents
Salaried employees
  • Copy of NRIC
  • Latest 3 months salary slip and bank statement showing salary credited
  • Latest EPF statement
  • Sales & purchase agreement/booking receipt
  • Property title
Self-employed
  • Copy of NRIC
  • Latest 6 months bank statement
  • Business registration document
  • Copy of Income tax & proof of tax payment
  • Sales & purchase agreement/booking receipt
  • Property title
Rates and charges

Fees & charges

Retrieval/photocopy of security documents
Actual cost
EPF withdrawal confirmation letter fee
RM10.00 per request
Annual financing statement fee
RM 5.00 per request (Ad-hoc)
Redemption statement fee
RM 10.00 per request
Brokerage fee
0.0008% of the principal amount of financing/disbursement
ARNT fee (or Agency fee)
RM 1.00 per transaction
*All fees and charges outlined above are subject to Sales and Service Tax (SST), with the exception of the brokerage fee.
Product Disclosure SheetDownload Application Form (English)Download Application Form (Bahasa Melayu)Terms & Conditions

Have a question about our products or promotions?

Submit your details and we will be in touch soon.

Are you an existing alrajhi bank Malaysia customer?

(*) Mandatory fields

Related Links: